Investors & landlords

You should not have started depreciation in 2024 without the proper procedures.  Don't do anything with 2022 or 2023.

 

You need to fix things by using Form 3115.  Go to a tax professional that is experienced with it.  If you did not file an extension for 2024, you may need to amend to REMOVE the depreciation, then file Form 3115 with your 2025 return.  If you did file an extension, Form 3115 can be filed with your 2024 (either the first filing or on a superseded return).